"Hmm do you think this update can push the price to skyrocket, or will the movement be bland?"
In order to become a more functional blockchain, Algorand (ALGO) which is playing an interesting game will implement four new updates in 2024 as part of the roadmap.
According to ALGO's Chief Technology Officer (CTO) John Alan Woods, the digital asset in terms of Transaction Per Speed (TPS) is 10% faster and in the long term, developers and builders are able to enjoy the flexibility, efficiency and scalability of the ALGO network.
In addition, there is an update of AlgoKit 2.0 which is a comprehensive toolkit that integrates one of the most popular programming languages in the world called Python, where developers do not need specific programming knowledge to build ALGO.
Not only that, developers will be able to write code safely and from there, the visual debugger* tool will help identify and solve issues quickly including providing an easier path for newbies to move.
*A useful tool, which allows you to debug tests while they are being executed
The third ALGO update is a consensus incentive where it plans to incentivize participation through a Proof-of-Stake (PoS) mechanism and increase the number of consensus nodes in the network then improve security or decentralized protocols.
Next is the P2P network with consensus nodes producing blocks through unauthorized means and switching on the P2P gossip network, so here it can be seen that the data is direct between the consensus nodes which will make it more viable.
There is no denying that ALGO has been facing major problems lately in the long term, but all those updates are poised to have a positive impact on ALGO's price.
As of this writing, ALGO price plunged by 3.44% to $0.15 in the last 24 hours with a market capitalization of $1 billion then recorded a 19.6% decline over the last week.
